Livforsakringsbolaget Skandia Omsesidigt Makes New $4.55 Million Investment in Celestica Inc. (NYSE:CLS)

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 49,300 shares of the technology company’s stock, valued at approximately $4,549,000.

Several other large investors also recently added to or reduced their stakes in CLS. Optimum Investment Advisors boosted its holdings in shares of Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after purchasing an additional 200 shares during the period. R Squared Ltd purchased a new stake in shares of Celestica in the fourth quarter valued at approximately $51,000. Financial Management Professionals Inc. purchased a new stake in shares of Celestica in the third quarter valued at approximately $30,000. UMB Bank n.a. purchased a new stake in shares of Celestica in the third quarter valued at approximately $34,000. Finally, Private Trust Co. NA lifted its holdings in Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after buying an additional 720 shares during the period. 67.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on CLS. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price for the company in a report on Friday, January 31st. Barclays upped their price target on shares of Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. TD Securities increased their target price on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Finally, UBS Group initiated coverage on shares of Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $103.27.

Celestica Stock Performance

CLS stock opened at $133.27 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $15.51 billion, a price-to-earnings ratio of 35.63 and a beta of 2.27. Celestica Inc. has a 12 month low of $36.00 and a 12 month high of $144.27. The firm has a 50 day moving average of $101.31 and a two-hundred day moving average of $73.83.

Insiders Place Their Bets

In related news, CEO Robert Mionis sold 75,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the completion of the transaction, the chief executive officer now directly owns 456,417 shares in the company, valued at $64,487,157.93. This represents a 14.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Wilson sold 25,000 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the transaction, the director now owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 894,381 shares of company stock valued at $110,706,319 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.